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Bestow life insurance review 2021

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This startup breaks down the barriers to life insurance with a seamless application process.'s rating: 4 / 5


  • Get a quote if you want to apply for a term life policy online.
  • Pick something else if you’re over the age of 55, or need permanent life insurance.

21 to 55

Issue Age

$50,000 to $1,000,000



Medical Exam Required


Policies Term
Coverage maximum $1,000,000
Term lengths 10 or 20 years
Medical exam required No
Available states Not available in New York
Issue age 21 - 54 years old


  • Online application
  • No medical exam
  • Coverage range
  • 30-day money back guarantee
  • No annual or cancellation fees
  • Financially strong


  • Financially strong
  • Age restrictions
  • Short support window
Riders No riders available

Expert review

Katia Iervasi

Review by

Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).

Expert review

Designed for the modern-day buyer, Bestow cuts down on the time and cost of life insurance to make it an easier and more convenient purchase. If you fit the mold – aka you’re healthy and aged between 21-54 – you should be able to breeze through the application.

However, if you have complex needs or want to customize your coverage with riders, compare life insurance companies.

Best of 2020
Finder experts pick Bestow as a 2020 best brand for life insurance.

What types of life insurance coverage does Bestow offer?

Bestow offers term life insurance policies for those aged 21 to 54. The cheapest and most straightforward policy, term life provides protection for a set period of time — in Bestow’s case, 10 or 20 years. The premium stays the same for as long as the policy is in force.

Depending on your needs and financial standing, you can purchase between $50,000 and $1 million of coverage. The policies are non-renewable, so at the end of the term, you’ll need to reapply for a new policy.

If you pass away, your beneficiaries will receive a guaranteed death benefit. Once the claim is approved, the North American Company for Life and Health Insurance will wire the funds into your beneficiary’s bank account.

Bestow doesn’t charge annual or cancellation fees, and you can cancel your coverage at any time.

What riders can I add to my life insurance policy?

To avoid complicating its algorithms, Bestow doesn’t allow policyholders to customize their coverage with riders.

If you want to dress up your policy with common riders like a waiver of premium, you’ll need to look elsewhere.

How much is life insurance from Bestow?

According to the insurer, healthy, low-risk individuals can purchase a policy starting at $8 a month, though people past their 20s should expect to pay around $38 per month on average. For a more accurate rate, use Bestow’s life insurance calculator to find out how much you could pay.

Bestow average life insurance rates

10 year term20 year term10 yr year term20 yr year term
30 years old$27.50$32.91$18.75$23.75
40 years old$38.33$49.58$26.66$38.33
50 years old$72.08N/A$50.83N/A

How do I get a low rate?

Your premium is a product of your age, health, lifestyle, occupation and hobbies, as well as the length and amount of coverage you purchase. Insurance is a game of risk, and like all insurers, Bestow reserves its best rates for its least risky applicants.

Its underwriting considers:

  • Tobacco use. To qualify for the highest rate class, you’ll have to prove you haven’t smoked tobacco in the past five years.
  • Age. Young, healthy applicants are usually privy to cheaper premiums.
  • Gender. Women have a higher life expectancy than men, so they tend to pay lower premiums.
  • Driving record. If your recent record is free from major traffic violations and DUI, you’ll probably score a better premium.
  • Criminal history. People with a criminal conviction to their name will find it harder to get coverage.
  • Health. To determine the chances of you outliving your policy, the insurer looks at your cholesterol, blood pressure, BMI and family medical history. If you’ve had an organ transplant or have one of the following health conditions, Bestow will most likely deny coverage: heart disease, stroke, cancer, HIV, kidney disease requiring dialysis and diabetes before the age of 40.
  • Occupation. Some jobs are more dangerous than others. Firemen, fishermen, roofers, loggers and electrical power-line installers will be subject to higher rates.
  • Hazardous lifestyle. Do you have any high-risk hobbies like deep diving, racecar driving, rock climbing or recreational flying? Or, do you travel to dangerous or war-torn countries? The insurer will charge a higher premium to compensate for the risk.
  • Alcohol and drugs. Bestow can’t extend coverage to those who have a history of alcohol or drug abuse.

How does Bestow compare to other insurers?

Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
18 - 100 years old
5, 10, 15, 20, 25 and 30 years
This life insurance broker combines technology and the human touch to match you with a policy tailored to your needs.
20 - 60 years old
10, 15, 20, 25 or 30 years
Depends on policy
Term life insurance with no policy fees and a simple application process that can get you approved for coverage instantly.
21 - 60 years old
10, 15, or 20 years
Depends on policy
Get affordable term life insurance with accelerated underwriting or no-exam coverage up to $1,000,000. Available in all states except CA, NY and MT.
18 - 85 years old
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare affordable quotes from 12+ A-rated life insurance companies side-by-side.
21 - 54 years old
10 or 20 years
Affordable 10- and 20-year term life insurance policies with instant quotes and no medical exams.

Compare up to 4 providers

Bestow reviews and complaints

Bestow has been accredited with the Better Business Bureau since 2017 and has an A rating. The BBB hasn’t registered any reviews or complaints, but the high rating reflects well on Bestow’s operations and customer satisfaction.

In business for over a century, the company is BBB-accredited and has the cash reserves to pay out claims — as confirmed by its A+ ratings with A.M. Best, S&P and Fitch.

Since Bestow is fairly new to the marketplace, there aren’t many customer reviews to draw from. However, press outlets like HuffPost, Forbes, WSJ and TechCrunch have praised its simple sign-up process, innovative underwriting and competitive rates. Some reviewers have lamented the lack of permanent policies and riders, but overall, the reviews are overwhelmingly positive.

How does Bestow protect my data?

Bestow collects your personal information in order to communicate with you, offer its products and services, complete transactions and handle customer service issues.

Bestow has protocols and procedures in place to secure your data, including SHA-256 bit encryption technology, and restricts access to personal information.

How do I sign up?

You can get a quote, sign up for and purchase your policy all online with Bestow.

  1. From Bestow’s homepage, click Let’s Get Started or Get Quote. Then enter your gender, birthdate, height, weight and state of residence, and click Get a quote!
  2. You’ll then be presented with a quote, which you can adjust. Select your desired coverage amount ($50,000-$1 million) and length of term (2, 10 or 20 years). If you’re happy with your updated quote and would like to proceed with the application process, click Start Application.
  3. You must first create an account by entering your email address and setting up a password.
  4. Then proceed through the application, providing personal, health and lifestyle info. When finished, click Submit Your Application.

I’ve signed up. What happens next?

If you’re approved, verify your coverage amount and length of term, then enter your credit card info to purchase the policy.

Get quotes from Bestow

More about Bestow

Founded in 2017, Bestow is an insurtech company that sells term life insurance. Headquartered in Dallas, Bestow aims to break down the major barriers to life insurance — time, money and medical exams — by offering instant coverage online. It trades in the medical exam for technology and big data and uses algorithms to underwrite policies in 10 minutes.

By using analytics to assess risk, Bestow is one of a handful of companies that are shaking up the insurance industry. The startup has partnered with a financial powerhouse, the North American Company for Life and Health Insurance, which writes policies on Bestow’s behalf and handles claim payouts.

In early 2018, Bestow made headlines when it raised $15 million in Series A funding – an amount that brought its total financing to more than $18 million. Since then, CEO Melbourne O’Banion has led the team in expanding nationwide. Fast-forward to now, and Bestow’s policies are available in 40 states across the US.

How do I file a life insurance claim with Bestow?

To report a claim, follow these steps:

  1. Call 833-300-0603 or email to let Bestow know that the policyholder has passed away.
  2. In the call, voicemail or email, provide the policyholder’s full name, date of birth, beneficiary, and policy number if you have it.
  3. Include your contact details.
  4. You’ll receive a claim packet by mail within five days. Complete the forms and submit any supporting documentation such as a death certificate.
  5. Double check that the beneficiary’s banking details are correct.
  6. Once the insurer has all the required information, it will assess and process the claim within 10 days. Bestow will then wire the funds to the beneficiary.

Frequently asked questions

Life insurance ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.

Learn more about our methodology here.

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